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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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9 J* V7 F2 d+ T& v7 A- {8 q+ _# }Below is an Interesting article I found, which says that.....Do not . p8 P/ h; o& n1 A' ^6 s9 d
expect much from Crude Oil producers and future is not with the ! t9 e3 f" h6 K" l3 W5 S# \1 H$ S" ~0 @
companies producing Jet fuels but Biofuels. Also no wonder if some of
$ U# G6 d4 ^# G5 Cthese oil producer will go bankrupt or out of the business even if
$ c# f9 {3 f% K' R+ @5 vcrude prices improves. This implies also to good names such as Shell, 4 B  Y$ p* h* c7 P& ]* y6 f
EXXON, BG, BP, Cheveron ....xyz.. oils   O" S" {$ t" ?& J

8 a; S, p3 V% H* K- Z% S7 _+ oRecently OPEC reduced crude oil production twice over just a few
6 b7 V9 c& N+ o4 M6 ^+ E7 n2 |0 Omonths. There are three wars going on in Gaza, Iraq and Afghandistan. 8 z7 S$ E: J, |- u% c
A year ago these things would have spiked the price of crude oil by at 5 n' K1 }) Z* k+ ~+ `( j
least $50.00 per barrel. Today, oil price declined by a record amount.
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There are several reasons the price of oil is decreasing in the face
2 G# u% k. j( z3 j3 hof so much news. These reasons are:
5 |' C5 [) Z1 [+ V& I$ g$ g6 ]# _& T/ C- u& f5 C& m+ a; H

) D' f( t& u" K4 q; C: E1. New oil has been found in Canada, Montana, North & South Dakota and 5 S9 [7 V8 P2 ~5 c. h
in the ocean near Brazil. Each of these oil fields has more oil than # D5 e- c( @5 m5 U- y: v
Arabia. ; p" P  b$ r. @! n

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2. New natural gas has been found in Pennsylvania and West Virginia. + b# G: U0 o* A5 g) F
This is the largest find in North America.
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3. New methods of injecting CO2 and surfactants into oil wells is 3 ?% X/ W6 H/ a  U
being used to double their output.
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4. Production of bio-fuels is beginning to reach critical mass. Bio   {3 r5 c+ n* W8 _
fuel is being produced from many plants and algae. The production % ^* K5 x) [7 r( k1 u
potential per acre in some cases is astounding. Many countries are
$ Z) K2 T  d; W2 iracing to produce bio fuels.
0 N4 L3 U* _' z2 t( A! j0 C' a' N5 R' X. k, E  d( V

. ^- a  v" w* m$ `6 h% y5. Virtually every restaurant in the US and all food processing plants 8 s9 h% x" f# t( w5 v8 t6 l7 a
are now selling their used oil to bio-diesel producers. Every pork,
: j! ^6 R% J: Q: K" G# Qcattle, turkey and chicken processing plant will soon sell their fat 9 E& B2 X/ f. c  g' q3 A
to bio-diesel producers. One pork processing plant in Oklahoma is 8 l9 \  W& m% _& t/ ~; Y8 P
producing 30,000 gallons of bio-diesel per day from pork fat.
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* G) J6 h( p6 E4 C  v' H9 W' z% {6. There are 99 nuclear reactors in various stages of planning and
2 ~+ t3 ]; S! t6 u! U( y% Mconstruction around the world at this time. Several hundred more are
8 j3 \6 [. t$ S$ I5 R, y7 ~3 x! Sexpected to be built in the future. Much of the energy they produce
* a+ l1 r) o  Bwill replace oil. ) ]8 O" P0 [. L6 D& n/ H
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* x6 D; a! Z* X* `1 _: |+ @1 y7. Every company in any form of transportaion business is replacing
8 k, ]3 T" b) r" Tolder equipment such as trucks, airplanes, train engines, ships, etc.
1 t! _( p" F( S7 Cwith new more fuel efficient equipment. Airlines and railway companies
8 |9 m/ i# X& }  f5 U+ V7 Pare experiencing 20% to 25% better fuel econony with the new
- |% k, c) O- a, y8 E6 x: x/ X& q  vequipment. 7 P$ v( E' K0 D  C* C' Q. ?' ]

" b# Q6 R. U1 m' |' Z0 n5 y+ j( T% \7 \/ v
Airlines are flying airplanes with bio-fuel. They are finding the bio-
& x  q, B# y- r$ \3 Pfuel is cleaner and performs better than jet fuel.
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8. Cities and counties throughout the US are selling the rights to
! S! v# W/ z- a4 `4 Q! g! Bcapture methane gas from landfills. This is a huge source of gas : w- C" t8 R' ~) _2 P6 M8 b
available at very little cost or risk. The gas is displacing crude - L. ^7 D9 r+ s/ \8 ~
oil. ' j- D% Z5 d3 |5 U- m+ G! z. g9 A

" U$ P& W* `6 Z9 E& C, D) C  R# [* w, ~$ L7 L9 z$ B2 T1 C
9. Coal is being transformed into a clean burning liquid fuel. The CO2 " c; h% b( }: D
produced as a byproduct is sold to oil companies for injection into ! c7 w7 Z# b+ v6 [% }+ {
oil wells. ) v( p& M2 c' j* G! W; d' \
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10. Solar, wind and ocean energy is displacing oil as an energy
  U, E- U2 C" osource. Three new wind turbines are being erected every day in the US.   c* d( S. `: d, w- y7 ~
2 c2 m3 R0 Q. `1 b$ L$ n0 R8 ?
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Each of the above by itself will not make a large difference in the 1 P& b% m2 K$ H, d4 O0 t: T: Z
price of crude oil but the sum of all of them together is world   X# X& o# U0 V( }% ~! H4 s- t
changing. The important thing is that OPEC no longer has the ability 0 f$ X6 b8 g1 |+ [
to control oil prices. ! I9 O& d0 z# f* [3 N
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8 n' J$ V# {4 z& |5 _, ZWith the above scenario, I still believe that there are under / h2 a- f! ?, L) B. b
performed OIL companies and probably they are yet to get the justified
( E  n. z/ s3 p" ^7 C0 F- cvalue ..... ( N( R$ q! C' u+ j
IAE- Ithaca , EPL Energy Partners Ltd, Opti etc ... # o. u1 s( J2 \# b6 v) f

; Z$ X; H2 c0 K, B5 I9 Y
; U9 L/ \& L! v' s) D0 E2 tThe above articles are from WSJ .............PUBLISHED ON 9TH JAN ) |" D) ~' B4 L
2009 ... FYI-Only
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